The 360 Classic Oblivion is finally out on Xbox One via 360 BC support and you can see how the game runs in the above video. Where the game sometimes dipped on 360, the Xbox One maintains a very stable 30FPS throughout most of the above captured gameplay from VG Tech.
It is another quality emulation from the Xbox BC team and I hope this quality emulation will continue for future Xbox 360 titles running on Xbox One.